Approving the use of the source of funds
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United States of America Patent
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Apr 9, 2013
Grant Date -
Mar 1, 2012
app pub date -
Nov 8, 2011
filing date -
Jul 10, 2000
priority date (Note) -
In Force
status (Latency Note)
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Abstract
Computer-implemented method and system are provided for verifying a financial instrument. The method comprises receiving identification of a source of funds; generating, using at least one processor, a series of verifying transactions involving the source of funds, transaction details of the series of verifying transactions varying from one transaction to another; storing the variable transaction details; initiating the series of verifying transactions; receiving provided transaction details from a user; comparing the variable transaction details with the provided transaction details; and selectively approving the use of the source of funds by the user, based on a result of the comparison of the variable transaction details with the provided transaction details.
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